#BTC doesn't moved alot still attempting the break of the Major Resistance Area. Buyers standing strong and we can see that in on chain data as well.

#CRV now forming a triangle pattern and need to see some sort of break of the pattern to getting into the trade on a retest.

Price action has stagnated, and investor sentiment has been apathetic over the last six months. However, a notable change has occurred over the previous three months, with downward pressure increasing and causing the market to experience its most significant drawdown of the cycle.

Nevertheless, from a macro perspective, the spot price is trading around -22% below the ATH, which remains a relatively shallow drawdown compared to historical bull market regimes.

Another bag bought

Here's the Analysis of #ICP :

#ICP is been multiple times from the major support zone of $6.6 - $7.0. Price now moving between a large 50% trading range. Try to accumulate and target the top resistance at $10.50 - $10.95.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, Daily candle gave a shallow closing above the resistance and likely to have a expansion to the upside, Weekly closing is also important, better wait for the update in market, next week come up with something.

#DXY UPDATE :

#DXY played out perfectly played, but as of now its moving back and forth of the same level, and need to see some sort to directional move. #DXY likely de-coupled from some asset due to fundamental situations, but need see a closing 102% for bearishness.

As downward price pressure intensifies, Bitcoin's unrealized losses remain historically low at just 2.9% of market cap. This indicates that despite recent price declines, the average investor is still in a profitable position. The low level of unrealized losses suggests that the market may have more resilience against further downturns, as there's less risk of panic selling from investors trying to cut losses.

Here's the Analysis of #TRX :

#TRX had its good time because of its meme coins initiative, hodling above the build-up support zone of $0.14 - $0.15 and just below there's a major support zone around $0.141 - $0.143. Expecting a decent drop to there a buys looks good too.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, nearly goes towards the support and kinda retraced. Price doing some sort of Bullish Engulfing which might create the top wick. Overall, we already had a stop hunt, to its confusing to get the directional bias, Lookin for a monday market open clear view.

#CRV gave minor break of the pattern but now a healthy breakout. Price in the end we can see started consolidating, and now aiming for a breakout. Take the opportunity as per the break and H4 Candle closure.

If we take the ratio between total Unrealized Profit and Unrealized Loss, we can see that profits remain 6x larger than losses, supporting the above observation. Around 20% of trading days have seen this ratio above the current value, underscoring the surprisingly robust financial position of the average investor.

Here's the Analysis of #ALPACA :

#ALPACA is been made a very clear break of the Falling Wedge Pattern and move straight towards the Major Resistance Area of $0.30 - $0.31. Ex[Expecting a drop towards the next strong support area around $0.13 and need to see some sort of reversal candlestick pattern for buys.

#Bitcoin closed nearly a Engulfing on weekly TF, price touched the $60,000 and came rejection too. Price entered the Major Support Zone, and now holding too. Nearly a last structural support area, and high chances of the bounce from here.

#US30 UPDATE :

#US30 perfectly played with the drawn zone and strongly rejected the zone again approaching towards the All-Time Highs. Price flipped the resistance and now act as support and expected to move towards resistance, 41,600 area.

The STH MVRV Ratio, which has collapsed below the breakeven value of 1.0. This metric trades at levels similar to Aug 2023 during the recovery rally after the FTX failure.

This tells us that the average new investor is holding an unrealized loss. Generally speaking, until the spot price reclaims the STH cost basis of $62.4k, there is an expectation for further market weakness.

What's the Difference Between SVM and EVM (Ethereum Virtual Machine)?

1. By now you may be thinking - isn't this virtual machine concept similar to Ethereum's EVM? Perceptive observation! SVMs and EVMs serve comparable purposes, but there are some key distinctions.

2. The major one? Parallel processing capabilities. EVM employs a sequential design that can only process one transaction at a time. But as discussed earlier, SVM leverages Sealevel to enable simultaneous execution.

3. This means Solana can deliver vastly higher transaction volumes without getting congested. We're talking thousands of transactions per second!